LIBRARY OF CONGRESS, 

<=&Uf \ r\°\ 

PRESENTED BY 

UNITED STATES OP AMEEIOA. 



MANUAL 



OF 



Practical Banking. 



AT W O O D. 



Practical Banking, 



P E I V A TE AID NATIOIAL 



A MANUAL 



PREPARED FROM ORIGINAL SOURCES FOR THE USE OF 
THE STUDENTS OF 



Onarga Commercial College. 



BY 

J. H. ATWOOD, 

PRINCIPAL. 

b 



♦ •• 



tMJi 



ONARQA, ILLINOIS: 1 8 8 O. 

INTERS, 



ATWOOD & NOYES, PR] 
SPRINGFIELD, MASS. 



n 



6 ** 



Entered according to Act of Congress, in the year 1879, by 

JOHN H. ATWOOD, 
In the Office of the Librarian of Congress, at Washington. 



PBEEAOE. 



Banking laws, and the currency, as well, have been greatly changed 
in the past few years. The serious inconvenience and losses endured 
by all classes in the West, formerly, from the circulation of poor or un- 
current money, are now unknown. 

But text-books for this department of a business education, which 
were admirable for the old system, were not adapted to the new order 
of instruction now needed; and the lack of any work on this sub- 
ject, at all adequate for the use of students in commercial colleges and 
banking institutions, was sorely felt. 

The writer, therefore, prepared a Banking Set, which has been used 
in the Institution here for several years, and, having been tested by 
actual practice in banking-houses, has been warmly commended. 

A new edition being called for, the work has been revised, and such 
additions made as experience, and some of the best bankers, have sug- 
gested. 

The author would acknowledge valuable aid received from Hon. 
George C. Wilson of Hyde Park Bank, Messrs. B. H. and E. D. Durham 
of Onarga Bank, and from officers of the national banks at Watseka 
and Fairbury, 111. , and Springfield, Mass. Several gentlemen of distin- 
guished ability in the legal profession, (whose modesty, only surpassed 
by their merit, forbids a more personal reference,) have devoted consid- 
erable time and labor to points herein presented which show the work- 
ing of new laws regarding our currency. 

The materials gathered from many sources must be rigidly con- 
densed, of course, and only hints of them given in these few pages, 
leaving the better part to be presented and illustrated in the class-room. 

That this work, while it saves time to the student, may test and de- 
velop his best powers, in connection with the full instruction which is 
sought to be given in our class and lecture-room, in an important de- 
partment of the commercial course, is the sincere wish of 

THE AUTHOK. 



COLLEGE BANK. 



Abbreviations, as shown in some instances below, are used by many 
bankers to save time, thus : p. a. , per annum ; cf , , or ctf ct. , certificate ; 
dep. , deposit ; Bk. , Bank ; Ck. , or chk. , check ; coll. , collection ; cr. , 
credit; Cy., currency; chgs., charges; dft., draft; O. D., over-draft; 
ds., days; mos., months; yr., year; exch., exchange; int., interest. 

Student will post names marked with a * to " Sundry Personal." 



Onarga, III., Monday, December 1, 1879. 
Commenced a Banking business. 

RESOURCES. 

Cash, $9,000. 

Call Loans, viz: L. Russ, $8,000; Wilson Bros., $8,000. 
Sight Draft on Field, Leiter & Co., dated Nov. 30, 1878, $3,750. 
Bills Receivable, as follows : 

P. Risser & Son's Note, $2,500, dated Jan. 15, 1879, 1 year, 

interest 10 per cent. 
A. R. Butler's Note, $475, dated Nov. 24, 1879, 90 days, in- 
terest 8 per cent after maturity. 
S. K. Marston's Note, $2,000, dated Feb. 17, 1878, 2 years, 
interest 10 per cent. Indorsements : May 17, 1878, $350 ; 
Aug. 5, 1878, $700 ; Sept. 1, 1879, $375. 
Samuel H. Harper's Note, $600, due to-day, but extended 
90 days, at 8 per cent ; interest paid. 
Safe, $500. 

Lot on First South Street, $1,000. 
$10,000 TJ. S. 4's, coupon, ex-int, lOlf . 
$5,000 U. S. 4's, registered, 102i. 

LIABILITIES. 

Two Notes, favor Atwood & Noyes, Springfield, Mass., each 
$5,000, 4 years from July 1, 1876, interest payable an- 
nually. $1,000 paid on each note, Jan. 1, 1877. Interest 
on first paid when due ; on second, not paid. 



6 



P. P. Beacli has contracted to build for me a brick banking- 
house, on my lot, for $3,600, to be completed 31st inst. 

Keceived of L. Russ and Wilson Bros., drafts on Chicago, 
in full of call loans. 



Received deposits : 
Isaac Amerman, . 
J. B. Baldwin, 
W. M. Barritt, . 
Oultra & Ludwick, 
J. 0. Culver, 
A. K. Doe, . 
Milton Doolittle, 
0. W. Koon, 
W. B. & J. H. Koon, 
J. B. Lowe, 



$100 
500 
200 
300 

1,000 
100 
300 
400 
200 
100 



S. K. Marston, 
W. D. Mateer, 
Owen & Bro., 
Morris & Munson, 
L. E. Pearce, 
W. P. Pierson, 
P. Risser & Sons, 
L. Russ, 
Thos. Wand, 
Winter & Son, 



$250 

125 

225 

100 

200 

1,000 

1,000 

3,000 

300 

200 



No. 4. Mrs. M. M. Matthews, $300 

5. Wm. D. A. Matthews, 200 

6. E. Yeomans, 400 



Issued certificates of deposit 

No. 1. J. W. Sturdevant, $100 

2. D. B. Moffatt, 500 

3. Mrs. M. Vennum, 500 

Paid office rent for December, $25 ; books and stationery, 
$20 ; also, watchman to 31st inst., my monthly proportion of 
expense for his services, $1 50 . 

Selected First National Bank of Chicago, and Brown Bros, of 
New York, as correspondents ; 2 per cent interest allowed on 
daily balances. All remittances by express to be according to 
season contract, 40c. per $1,000, between Onarga and Chicago, 
either way. 

Remitted Chicago for credit, currency, $3,000, and three 
items, per Remittance Register, $19,750. Also, ordered $5,000 
to Brown Brothers for our credit. 

[Note. — Attend carefully to Remittances and Correspondence.] 



Thursday, January 1, 1880. 

Paid for building banking-house, as per contract of Dec. 1, 
$3,600 ; for furnace, office desks and chairs, $100 ; sundry fix- 
tures, $100; watchman to 31st inst., $1 50 ; fuel and oil bill, 
$25. Also, paid insurance on $3,000 for 3 years, $50. 

Received for rent of hall over the Bank, for three mos. end- 
ing March 31st, $25. 



Received per I. 0. R. R., one fire and burglar-proof safe, from 
HalFs Safe and Lock Co., Cincinnati, 0.; for which we trade 
our old safe, and remit $2,000 per draft No. 1 on New York. 
Paid freight from Chicago, $49 50 ; advanced charges, $50, and 
drayage, $5. 

Discounted the following paper : 

For L. E. Pearce — proceeds credited : Wm. Spurgeon's note 
of $100, endorsed by Russell Spurgeon, 60 ds. from Dec. 1, 
payable at our bank. George W. Rouse's acceptance, for 
$500, 30 ds. from 18th ult, payable at Peoria, 111. ; sent to 
First Peoria for coll. and returns; our chgs. for coll., $1. 

For J. B. Baldwin — proceeds credited: F. P. Beach and 
Horace Babcock, $100, 60 ds. from Dec. 21st; Geo. H. 
Van Neste and W. P. Pierson, $50, 60 ds. from Nov. 19; 
J. L. Dunham and I. B. Bain, favor of John Dale, $48, 
30 ds. from 8th ult., payable at First Kankakee; for- 
warded for coll., and cr. with Chicago correspondent. Our 
charges, 25c. 

[Note. — Interest Rate, 8 per cent p. a.; but no loans for less than 
one dollar interest and good security, regardless of time and amount. 
For Collection Rates and Exchange Rates, see our poster.] 

Received deposits : 



*Cyrus Pangborn, draft 




J. C. Culver, his No. 117 


on New York, 


$245 40 


on Preston, Kean & 


*J. C. Ramsey, draft on 




Co., . 


$1,426 25 


New York, 


1,982 48 


W. B. & J. H. Koon 


1,000 00 


*Wm. Coyner, draft on 




Cultra & Ludwick, 


500 00 


New York, 


450 50 


Winter & Son, 2 chks. 


> 


W. P. Pierson, W. D. 




Gilman Bank, 


300 00 


Mateer's check, 


100 00 


Morris & Munson 




240 00 


O. W. Koon, L. Russ' 




J. B. Baldwin, 




1,000 00 


check, 


1,500 00 


A. K. Doe, . 




350 00 


L. Russ, currency, 


3,000 00 


*A. S. Palmer, 




851 06 


His No. 1125 on 




*J. D. Long, 




416 00 


First Chicago, 


1,896 50 


Owen & Bro., 




1,426 25 


J.Parkhurst'sNo.220 




Thos. Wand, 




500 00 


on Quincy Bank, 




P. Risser & Sons, 


1,475 00 


$1,400, less exch. $3 


1,397 00 


Milton Doolittle, 


700 00 


J. Brown's No. 142 




J. B. Lowe, 


525 00 


on First Evanston, 




Isaac Amerman, chk. 




$100, less exch. 35c. 


99 65 


Koplin's Bank, 


200 00 


Ctfct.dep.,D.McWil- 




W. M. Barritt, . 


100 00 


liams, Dwight, 111., 




S. K. Marston, 


200 00 


$642, less exch., $1, 


641 00 


W. D. Mateer, 




350 00 



8 



Sent power of attorney to N. Y. correspondent for collection 
of interest on registered bonds: and remitted January coupons. 
N. Y. correspondent has collected interest on registered boads. 

Sent chk., Quincy Bank, and ctfct. dep., D. McWilliams, to 
drawees, for credit with Chicago correspondent; also chks., 
Gilman Bank, and Koplin's, to drawees, for returns. 

Advice received from Stock Yards National, Chicago, of de- 
posit on 31st ult., per order of Gregory, Cooley & Co., with our 
correspondent for our credit and use of Wm. Coyner, $975. 
Also, from Chicago and New York, of remittance 1st ult. 
[Student ivrite carefully all letters and replies to the same.] 

Drafts sold depositors on account : 

[ Student will see that the checks also include the exchange.] 



On Chicago. 

No. 1. *Cyrus Pangborn, $245 05 

2. Owen&Bro., 375 20 

3. J. C. Culver, 142 85 

4. L. Russ, 3,000 00 



On New York. 
No. 2. *A. S. Palmer, $850 00 

3. P. Risser & Sons, 1,400 00 

4. J. B. Baldwin, 300 00 

5. Thos. Wand, 225 00 



Drafts sold for cash : 








On Chicago 




On New York. 


No. 5, 


$2,200 00 


No. 6, 


$187 00 


6, . . . 


160 00 


7, . . . 


12 00 


7, . . . 


200 50 


8, . . . 


2 30 


Paid checks : 








P. Risser & Sons, 


$500 00 


J. B. Lowe, 


$20 00 


t< u (( 


285 00 


S. K. Marston, 




150 00 


A. K. Doe, . 


75 00 


J. C. Culver, 




215 00 


Cultra & Ludwick, 


125 00 


O. W. Koon, 




150 00 


Milton Doolittle, 


45 00 


Morris & Munson 




25 00 


Winter & Son, 


50 00 


L. E. Pearce, 




40 00 


Isaac Amerman, . 


25 00 


W. P. Pierson, 




496 00 


W. B. & J. H. Koon, 


45 00 


W. M. Barritt, 




30 00 


Discounts matur: 


mg, as per 


Discount Register, ■ 


tiave been 


duly honored. 











Monday, February 2, 1880. 

Have inherited a piece of property in Springfield, Mass., and 
sold the same to Atwood & Noyes of that city, for $25,000. 
Received in payment our notes of July 1, 1876 ;. balance in 



1) 



New York exchange. [In this calculation, first determine 
where and when was the conveyance of title.] 

Received from L. Euss the following paper for collection and 
credit : 

P. P. Beach, 60 days from Dec. 19, 1879, $1,000. 

Geo. H. Van Neste, 3 mos. from Nov. 30, 1879, $600. 

Isaac Amerman, 11 mos. from March 20, 1879, $45. 

A. Hazen, El Paso, 111., 8 mos. from July 24, 1879, $2,000. 

Henry Hewitt, Bloomington, 111., 2 years from March 23, 

1878, $1,500. 
Sent collection No. 4 to El Paso Bank, and No. 5 to First 

Bloomington, for credit with Chicago correspondent. 

Discounted the following paper : 
J. P. Forsyth and Isaac Amerman, 30 ds., $1,100. 
G. P. Seminary and J. C. Culver, 48 ds., $10,000. 
Geo. B. Winter and J. B. Baldwin, 60 £s., $350. 
John Lash and J. A. Cultra, 30 ds., $100. 
J. B. Baldwin and W. H. Doolittle, 30 ds., $5,000. 
David Risser and Isaac Wilson, 60 ds., $5,000. 
For L. Euss — proceeds credited: Frank Lindsey's note of 

$10,000, 90 ds. from Dec. 15, with interest at 8 per cent. 

Thos. Wand's acceptance for $400 favor Leiter & Co., 90 ds. 

from Nov. 30, payable at Peoria. 
For S. K. Marston — proceeds credited : Henry Wilcox's note of 

$500, 3 yrs. from March 7, 1872, with interest at 10 per cent. 

Deposits received : 



J. B. Lowe, bill for 




A. K. Doe, . 


$50 00 


printing, . 


$45 00 


Milton Doolittle, . 


45 00 


Owen & Bro.,2 chks., 




W. B. & J. H. Koon, 


110 00 


Gilman Bank, 


125 00 


J. B. Lowe, . 


150 00 


*G. P. Seminary, Cy., . 


200 00 


W. D. Mateer, . 


50 00 


Ck. on First Peoria, 




Morris & Munson, 


100 00 


$60, less exch. 35c. , 


59 65 


L. E. Pearce, 


65 00 


W. P. Pierson, Cultra & 




L. Russ, L. T. Clark's 


3 


Ludwick's chk., 


90 00 


note, 60 ds., 


1,000 00 


Isaac Amerman, Chi- 




O.W. Koon, dft. on Pe 




cago draft, 


150 00 


kin Distillery, $1,000 


> 


J. B. Baldwin, New 




less exch. $4 25, 


995 75 


Yorkdft., 


225 00 


J. C. Culver, 


300 00 


W- M. Barritt, . 


75 00 


Thos. Wand, 


600 00 


Cultra & Ludwick, J. 




P. Risser & Sons, 


2,000 00 


B. Baldwin's chk. , . 


45 00 


W. A. Thayer, . 


1,000 00 



10 



Sent chks., Peoria and Pekin, and Wand's acceptance, to 
First Peoria for our cr. with Chicago correspondent. 

Eeceived advice from Chicago of remittance of 1st ult. ; of 
deposit by Stock Yards National, $975 ; and of deposit by 
Gregory, Cooley & Co., on 31st ult., for use of sundry parties 
as follows : *W. A. Boswell, $200 & ; *E. J. Barber, $355 W ; •Al- 
len Harper, $400; O. W. Koon, $325 M; *D. C. Brown, 
$1,145 !?; *E. G. Wilcox, $700. Eeceived favorable responses 
to all other correspondence. [Student will write all these 
letters carefully and accurately.] 

Ordered silver coin, $500. 

Drafts sold depositors on their checks : 



On Chicago. 




On New York. 




No. 8, W. P. Pierson 


$416 00 


No. 9, 


J. D. Long, 


$415 50 


9, J. C. Culver, 


296 00 


10, 


Isaac Amerman, 


95 00 


10, J. C. Ramsey, 


1,980 00 


11, 


J. B. Baldwin, 


100 00 


11, Wm. Coyncr, 


450 05 


12, 


Cultra & Ludwick 


, 200 00 


12, W.B.&J.H. Koon, 275 00 


13, 


Milton Doolittle, 


65 00 


13, R. G. Wilcox, 


699 45 


14, 


Allen Harper, 


399 55 


14, E.J.Barber, 


355 35 


15, 


W. A. Boswell, 


200 05 


15, L. Russ, 


3,400 00 








Drafts sold for cash : 








On Chicagc 


>. 




On New York. 




No. 16, 


$3 00 


No. 16 


. $1,000 00 


17, ... 


19 00 


17 


... 


35 00 


18, ... 


95 00 


18 


... 


75 00 


19, ... 


765 00 


19 


... 


420 00 


20, ... 


1,136 00 


20 


... 


16 00 


21, ... 


1,000 00 


21 


. 


50 00 


Paid checks : 










W. M. Barritt, . 


$25 00 


Owen & Bro. , 


$50 00 


A. K. Doe, . 


125 00 


Morris 


& Munson, 


40 00 


O. W. Koon, 


140 00 


L. E. Pearce, 


65 00 


J. B. Lowe, 


160 00 


Thomas Wand, . 


49 00 


S. K. Marston, . 


55 00 


W. P. 


Pierson, 


100 00 


W. D. Mateer, . 


25 00 


P. Risser & Sons, 


75 00 


L. Russ, 


400 00 


Winter & Son, 


130 00 



Paid watchman for February, $1 5°. 

Bought Yale time lock, $325, per dft. on New York; ex- 
press chgs., $2. 

Coll. 1 and Discounts 5 and 7 paid in cash ; Discounts 2 and 
4 extended ; Coll. 3 paid per check. 



11 



Articles of association have been drawn up for organizing 
a National Bank in this place, to open the 1st of April. The 
capital stock of one hundred thousand dollars is subscribed, to 
be paid in, March 1. We take five hundred and ten shares, and 
merge our present banking business into that of the National. 
The required Organization Certificate is also made and for- 
warded this date. 



Monday, March 1, 1880. 

A. E. Butler hands us draft on Chicago, $450 ; takes $25 
currency, and has the balance endorsed on his note. 

Received of S. H. Harper, New York dft., $500, in part pay- 
ment of his note, No. 4 ; balance extended in a new note, 90 ds., 
interest paid. 

Draft, Pekin Distillery, sent to First Peoria, is dishonored, 
protested and returned. Protest fees, $1 50 . 

Deposits received : 



Isaac Amerman, New 




J. B.Lowe, 25; bill of 


York exchange, 


$140 00 


printing, $10, 


$35 00 


J. B. Baldwin, . 


500 00 


S. K. Marston, N. Y 




W. M. Barritt, 


75 00 


dft., 


1,312 14 


Cultra & Ludwick, 0. 




W. D. Mateer, . 


60 00 


W. Koon's check, 




Owen&Bro., . 


75 00 


$400; Cy., $60, 


460 00 


Morris & Munson,Chi 


- 


J. C. Culver, $300; 




cago dft., 


45 00 


Chicago dft., $200, 


500 00 


L. E. Pearce, 


70 00 


A. K. Doe, 


40 00 


W. P. Pierson, N. Y 




Milton Doolittle, 


100 00 


dft., 


5,400 00 


O. W. Koon, L. Russ' 




P. Risser & Sons, 


3,350 00 


chk., $190; L. E. 




L. Russ, N. Y. dft., 


1,220 00 


Pearce's chk., $50, 


240 00 


Thos. Wand, . 


50 00 


W. B. & J. H. Koon, 


45 00 


Winter & Son, . 


30 00 


Certified the following check 


s: 




No. 1, *D. C. Brown, $1,145 17 


No. 4, A. K. Doe, 


$200 00 


2, *Wm. Coyner, 


975 00 


5, L. E. Pearce, 


300 00 


3, *G. P. Seminary, 


259 75 


6, Thos. Wand, 


200 00 


Paid checks : 








Isaac Amerman, 


$100 00 


P. Risser & Sons, 


$140 00 


J. B. Baldwin, . 


200 00 


L. Russ, . 


1,200 00 


W. M. Barritt, 


70 00 


Thos. Wand, . 


90 00 


Cultra & Ludwick, . 


150 00 


Winter & Son, . 


45 00 



12 



Chicago drafts sold : 
For checks— J. C. Culver, $200 and $120 ; A. K. Doe, $49 ; 

Owen & Bro., $45; Morris & Munson, $200; L. E. 

Pearce, $150; M. Doolittle, $100. 
For cash— $500, $250, $149 », $104 ™ $36, $715. 

New York drafts sold : 
For checks— O. W. Koon ,$117 *°; W. B. & J. H. Koon, $28 *> 

and $285 ; J. B. Lowe, $49 ; W. D. Mateer, $50. 
For cash— $2,500, $3,000, $50, $25, $10. 

The following are the stockholders of the " Onarga Col- 
lege National Bank : " 



510 shares, cf. No. 1, $51,000 
70 « 
70 « 
50 " 
60 " 



[Student's name,] 

B. H. Durham, 

Geo. C. Wilson, 

E. D. Durham, 

W. P. Pierson, 

[Name of Principal of College,] 69 

A. S. Palmer, 40 

Peter Kisser, 40 

J. A. Cultra, 50 

[Name of President of G. P. S.,] 50 

The stockholders have this day paid their shares in full, and 
we hold the funds at present as deposits, giving credit accord- 
ingly. Among these funds, are checks on us, Chicago ex- 
change, and New York exchange, as follows : 



$4,000 



7,000 



2, 


7,000 


3, 


7,000 


4, 


5,000 


5, 


6,000 


6, 


6,900 


7, 


4,000 


8, 


4,000 


9, 


5,000 


o, 


5,000 



W. P. Pierson' s check, 


$5,000 


A. S. Palmer, on First 


P. Risser & Sons' " 


4,000 


Chicago, 


B. H. Durham, on Pres- 




Geo. C. Harrington, on 


ton, Kean & Co., 


7,000 


Second New York, 


Wilson Bros., on Sec- 




I. P. McDowell, on 


ond New York, 


7,000 


Ninth New York, 


Directors elected. 


The folio 


wing are the officers : 


President, 


. * . 


Principal of College 


Vice-President, 




George C. Wilson. 


Cashier, 


. 


[Student.] 


Assistant Cashier, 


. 


B. H. Durham. 



3,000 



By previous arrangement, Chicago correspondent re-dis- 
counts for our credit notes Nos. 11 and 16, ^0,000. We also 



13 

remit to Chicago for credit, besides the regular items of Re- 
mittance Register, our U. S. 4's, $15,000, at 102f, and cur- 
rency, $20,000. 

Deposited for credit of College National Bank, $103,000, 
with Chemical National Bank of New York, to wit: — 
First — Balance transferred from Brown Brothers, including 

interest charged to date on our average daily balance, $ 

Second — Remainder from Chicago. 

Directed Chemical National to buy and deposit with U. S. 
Treasurer $100,000 U. S. 4 per cent Bonds ; also to pay the 
Department $1,500 for plates for bills. 

Paid watchman for this month, $1 50 . 

Express chgs. on coin, 50c. 

Discount No. 10 paid by chk. on First Fairbury ; No. 14, by 
N. Y. df t. ; No. 18, by ctfct. dep. No. 3, in part, balance cash. 
All other discounts and collections maturing this month duly 
honored. 



COLLEGE NATIONAL BANK. 



Onarga, III., Thursday, April 1, 1880. 

Issued shares. Opened Stock Account in books of National 
Bank; also, Stock Ledger as an auxiliary book. Transferred de- 
positors' balances from College Bank to College National Bank. 

Advice received from New York of the purchase, per our 
order, of $100,000 U. S. 4 per cent Bonds, No. 3107 to 3111 in- 
clusive, registered in Book N., p. 446, on 21st ult. Cost of 
bonds, 102^; commission, 1-10 per cent; express, 25c. per 
$1,000. [Open Bond Account, Premium Account, and Bond 
Interest Account. ~] 

New York and Chicago statements to 31st ult. received and 
found correct. We charge up interest on latter statement $ . . . . 

Beceived from Comptroller of Currency $90,000 in notes for 
circulation. 

Deposited with U. S. Treasurer (in treasury notes) 5 per 
cent of circulation, for redemption of our mutilated notes. 
[Open Five per cent Redemption Fund Account.] 

To enable us to comply with the law concerning Beserve 
Fund, we have exchanged $13,500 circulation for treasury 
notes, to the amount of 15 per cent of our deposits. [Open 
Reserve Fund Account.'] 

Our assets examined and approved, and Certificate of Au- 
thority issued. Paid for publishing certificate 60 days, $25. 

Sent power of attorney to N. Y. correspondent for collection 
of bond interest, and remitted April coupons. New York 
correspondent has collected interest on registered bonds. 

Appointed attorney at Washington to inspect the destruction 
of our mutilated bills. 

Issued certificates of deposit : No. 7, Mrs. N. Yeomans, $500; 
No. 8, Mrs. M. M. Matthews, $2,000; No. 9, Mrs. M.Yennum, 
$1,000; No. 10, N. Lewis, 4 mos., interest 3 per cent, $800; 
No. 11, Mrs. Harriet Babcock, 6 mos., 4 per cent, $3,000. 



15 

Bought of College Bank sundry items as follows: Bank 
block and lot, $5,000 ; safe, $2,500 ; unexpired insurance pol- 
icy, $44; sundry fixtures, $100; furniture, $100; fuel, oil and 
stationery, $30. Also re-discounted all its discounts at regular 
rates. In payment for above, we have assumed the payment of 
all outstanding certificates of deposit, and drawn on Chicago, 
favor of College Bank, for balance. 

Paid bill for attorney fees, $25. 

A. R. Butler hands us Chicago draft, $500 : — pays balance of 
his note; leaves $150 to pay note due Camp Point Mfg. Co., 
for which he requests us to write ; takes the balance in cash. 

Mrs. Louisa Harris of Ash Grove, hands us John Newlin's 
chk. on Geo. Baker of Chester, Penn. We pay her $10, credit 
her $10, charge Baker $20, and send him the check for return's. 

Received from First Champaign our ctfct. dep. No. 2, for 
their cr. with Corn Exchange National, Chicago. 

In payment of discount No. 19, the payer hands us our 
certfct. dep. No. 1, certified chk. No. 5, R. B. Pangborn's note, 
3 mos., $500 ; balance in cash. 

Sent $30,000 Cy. to Chicago, and ordered $20,000 to New 
York. 

Collected rent of hall for quarter ending June 30, $25. 

Discount No. 12 paid in cash; No. 15 paid by ctfct. dep. on 
Stock Yards National, Chicago. 



Onarga, III., Saturday, May 1, 1880. 

Thos.Wand deposits his note for $2,500, 60 ds., and checks 
out interest, and draft on Chicago, $700. 

Discounted the following paper : 

David Risser and S. K. Marston, 45 days, $400. 

Cyrus Pangborn and Thomas Pangborn, 30 days, $500. 

George R. Palmer and James A. Cultra, 17 days, $100. 

Isaac Amerman, endorsed by W. M. Barritt, 30 days, $600. 
Proceeds credited. 

A. K. Doe and O. W. Koon, 60 days, $300. 

W. D. Mateer, endorsed by S. K. Marston, @ 2 mos. from Feb- 
ruary 30, $150. Proceeds credited. 



16 



In payment of Newlin's check, forwarded by us to Geo. 
Baker on 1st ult., he returns us N. Y. dft. $19 75 , and we send 
J. A. Koplin, for credit of Mrs. Louisa Harris, N. Y. dft. $9 50 ; 
our charges 25c. to balance account. 

Keceived deposits : 



J. B. Baldwin: 




O. W. Koon: 




Currency, 


$100 00 


Gregory, Cooley & 


B. H. Durham, on 




Co., on Mer 


- 


Fifth Chicago, . 


600 00 


chants' National 


> 


C. H. Piatt, on First 




Chicago, 


$1,100 00 


Peoria, 


60 00 


I. C.Wade, on First 


Less exch., 30c. 




Watseka, 


90 00 


I. Amernian: 




Less exch. , 35c. 




2chks. Koplin'sBk., 


40 00 


Owen & Bro's Ck. 


50 00 


1 chk. Gilman Bank, 


20 00 


2 checks Koplin's 


1 chk. First Fairbury, 


75 00 


Bank, 


80 00 


Less exch., 30c. 




3 chks. Gilman Bk. 


100 00 


L. Russ: Currency, . 


60 00 


S. K. Marston: 




C.H.Piatt, on Third 




Bacon & Co., on 


Baltimore, . 


2,000 00 


First Chicago, 


2,300 00 


Russ & McDer- 




C.H.Piatt, on Third 


mott, on Corn 




Baltimore, . 


2,200 00 


Exchange Nat'l, 




A. K. Doe, 


75 00 


Chicago, 


2,500 00 


Milton Doolittle, 


100 00 


W. M. Barritt, 


25 00 


Morris & Munson, 


50 00 


Cultra & Ludwick, . 


110 00 


L. E. Pearce, 


75 00 


W. B. & J. H. Koon, 


70 00 


W. P. Pierson, 


210 00 


Owen & Bro., . 


75 00 


Thos. Wand's Ck., 


75 00 


P. Risser & Sons, 


125 00 


Ck., County Tr. or 


L 


J. C. Culver, . 


200 00 


First Watseka, 


100 00 



Forwarded checks, Koplin's Bank and Gilman Bank, for re- 
turns ; Watseka for credit on account ; and Peoria and Fair- 
bury, for credit with Chicago correspondent. 

Drafts sold depositors on their checks : 



On Chicago. 




On New York. 


Isaac Amerman, 


$500 00 


W. B. & J. H. Koon, 


$385 15 


J. B. Baldwin, . 


1,416 60 


Owen & Bro., . 


1,300 00 


W. M. Barritt, 


150 00 


Morris & Munson, 


200 00 


Milton Doolittle, 


430 00 


L. E. Pearce, 


110 00 


O. W. Koon, . 


1,250 00 


Cultra & Ludwick, 


100 00 


Thos. Wand, . 


500 00 


Winter & Son, . 


100 00 



Chicago drafts sold for cash : $220, $10 25, $50, $100, $80, 
$12 25, $600, $90, $34, $20. 

New York drafts sold for cash : $1,000, $45, $80, $16, $10 », 
$30, $65, $400, $13 25, $60. 



17 



Paid checks : 








P. Risser & Sons, 


. $1,000 00 


J. B. Lowe, 


. $500 00 


J. C. Culver, . 


. 2,117 00 


S. K. Marston, . 


. 2,812 75 


W. D. Mateer, . 


400 00 


L. Russ, . 


. 3,519 50 


A. K. Doe, 


175 00 


W. P. Pierson, . 


90 00 



Advice received from Washington of redemption of $500 
of our mutilated bills ; also, from New York, of collection of 
interest on our bonds. 

Matured discounts honored. 



Onarga, Tuesday, June 1, 1880. 

Eemitted Camp Point Mfg. Co. our No on Chicago, in 

payment of A. R. Butler's note ; our charges, 50c. 

Loaned S. H. Harper $2,000 for 90 ds. $1,000 placed for Mrs. 
M. B. Thayer, taking chk. on us for same amount, less interest. 
We hand her a ctfct. dep. No. 12, due in 90 ds. S. H. Harper 
calls for draft for $1,000 on Chicago, and $200 on New York; 
takes up his note, and the balance in currency. 

Ordered for Mrs. M. M. Matthews $1,000 IT. S. 4's, at 101J; 
our commission, J per cent. Endorsed on ctfct. dep., No. 8. 

Sent U. S. Treasurer $500 of our mutilated bills ; also $500 
in treasury notes to replace Redemption Fund. 

Discounted the following paper : 

D. K. Thomas and Wm. R. Skeels, 30 ds., $2,500. 

Horace Pinney and E. C. Hall, 50 ds., $100. 

Burr Smith and W. A. Boswell, 25 ds., $800. 

For Christian Knoclie — Proceeds credited: John Newham's 
note of $500, 12 mos. from July 12, 1879, with interest at 
10 per cent ; Horace Barnes' note of $325, endorsed by 
James Hall, @ 16 mos. from May 1, 1879, with interest 
at 10 per cent. 

Advice received from Chicago correspondent of deposit by 
J. A. Collins, on 31st ult., for use of sundry parties as follows : 
*W. A. Boswell, $300 & ; *E. J. Barber, $456; *R. GL Wilcox, 
$427; *E. Gould, $750; *A. H.Whiteside, $725. 

Deposited by A. H. Whiteside, his chk. on us for cr. of A. S. 
Palmer, $725. 



18 



Received the following paper for collection : 

From *J. C. Ramsey — Proceeds to be credited : Sundry notes 
taken at his sale, Oct. 20, 1879, each @ 8 mos., without 
interest if paid at maturity, otherwise 8 per cent from 
date; Samuel Williams and J. H. Stocking, $1,420 ; L. T. 
Clark and Horace Pinney, $500 ; David Risser and Samuel 
Major, $759; Allen Harper and J. C. Ward, $478; E. J. 
Barber and David Risser, $385; John Ricketts and G-. B. 
Winter, $55 45 ; Ohas. Cornwell and Caleb Harding, $45 ; 
Samuel Hill and J. C. Shear, $76 ™. ( Write first three 
of these notes.) 

From A 7 ". W. Paper Co. (Chicago) — For collection and returns 
with exch. : Sight dfts. on Cultra & Ludwick, $175 ; J. B. 
Lowe, $400; P. Risser & Sons, $125; L. Russ & Co., $100. 
(Two letters.) 

From Wells, Falkner & Co. (Chicago) — For collection and re- 
turns without exch.: Sight dfts. on Thos. Wand, $800; 
Milton Doolittle, $500. ( Write letters.) 

From First National Bank (Erie, Pa.) — For coll. and cr. with 
Chemical National, New York: ]STo. 119, Keystone Boot 
and Shoe Co., on Winter & Son, with exch., $525. No. 120, 
Keystone Boot and Shoe Co., on H. J. Freeman, with 
exch., $200. (Three letters.) 

J. B. Lowe deposits bill for printing, $125 ; N. Y. dft., $325, 
and pays above sight dft. per check. 

Winter & Son pay the above collection per chk., $300, bal- 
ance in currency. H. J. Freeman pays his collection in Cy. 

All other sight dfts. received to-day for collection have been 
paid per checks, and we have mailed our dfts. to the drawers 
of the same. 

Deposits received : 



I. Amerraan, 


$100 00 


W. D. Mateer, . 


. $1,500 00 


J. B. Baldwin, . 


300 00 


Owen & Bro., . 


230 00 


W. M. Barritt, . 


175 00 


Morris & Munson, 


75 00 


Cultra & Ludwick, 


100 00 


L. E. Pearce, . 


100 00 


J. C. Culver, . 


90 00 


W. P. Pierson, . 


500 00 


A. K. Doe, 


120 00 


P. Risser & Sons, 


500 00 


M. Doolittle, . 


110 00 


L. Russ, 


1,500 00 


O. W. Koon, . 


400 00 


Thos. Wand, . 


90 00 


W. B. & J. H. Koon, 


85 00 


Winter & Son, . 


75 00 


S. K. Marston, . 


1,430 00 







19 



Drafts sold depositors on their checks : 



On Chicago : 
L. Russ, . . . $10,000 00 
W. D. Mateer, . . 1,500 00 
J. B. Baldwin, . 500 00 



On New Yoki£: 
O. W. Koon, . . $2,000 00 
S. K. Marston, . . 2,500 00 
R. G. Wilcox, . . 426 50 



Chicago drafts sold for cash : $200, $500, $25, $75, $85, $1,000. 
New York drafts sold for cash: $300, $900, $50, $750, $25. 
Checks certified : W. A. Boswell, $300 « ; E. J. Barber, $456. 

Checks paid : 

W. M. Barritt, . 
J. C. Culver, . 
A. K. Doe, 
W. B. & J. H. Koon, 
Morris & Munson, 

Issued Cashier's checks : 

No. 1, J. C. Ward, 
2, 1. F. Palmer, 
3, Geo. W. Ayres, 

Bought note on J. M. Brown, 8 mos. past due ; face, $140 ; 
accrued interest, 11 mos., at 10 per cent p. a. ; paid $146. 

Discount No. 23 and Coll. No. 8 paid by a N. Y. dft. Dis- 
count No. 31 extended 15 ds., interest paid; No. 26 paid by 
chk. to extent of payer's acct. ; balance in cash. Coll. No. 10 
paid by chk. All other matured paper cashed. 



$380 00 


L. E. Pearce, 


$290 00 


200 00 


Owen&Bro., . 


55 00 


162 00 


W. P. Pierson, . 


1,000 00 


200 00 


Thos. Wand, . 


2,190 00 


25 00 






ecks : 
$500 00 


No. 4, W. A. Boswell, 


$300 48 


700 00 


5, R. G. Wilcox, 


427 00 


200 00 


6, E. Gould, 


750 00 



Onarga, Thursday, July 1, 1880. 

Received $1,000 in new bills, vice same amount destroyed on 
first ult. 

Interest on our bonds collected by N. Y. correspondent, and 
advice of same received. 

S. K. Marston deposits checks : P. Risser & Sons, $1,000 ; 
W. P. Pierson, $825 ® ; B. Walton on First Fairbury, $326 *\ 
less exch. 50c. ; County Treasurer on First Watseka, $1,000 ; 
I. C. Wade on First Watseka, $300. He instructs us to cancel 

his note of Feb. 17, 1879, buys dfts. No on New York, 

$303 3°, and No on Chicago, $142, and draws chk. for 

same. We send chks. Fairbury and Watseka to drawees for 
returns. 

Received bill for two car loads coal, 42,800 lbs., 



20 

Of the two car loads of coal delivered to-day, 62 cwt. was 
taken by the President, 61 cwt. by the Cashier, 3 tons by the 
Assistant Cashier, and balance at the Bank. 

Drew on New York, favor of U. S. Treasurer, for $ , 

semi-annual duty on our circulation and deposits, to wit : on 
$85,000, i per cent ; on $ average deposits, i per cent. 

New York and Chicago statements to 30th ult. received and 

found correct. We charge up interest — on former, $ ; 

on latter, $ 

Paid officers' salaries for three mos., viz : President, $1,000 ; 
Vice-President, $400 ; Cashier, $1,000 ; Assistant Cashier, $500. 

Depositors, Barritt and Doe, balance their accounts, each 
being charged $1 on O. D's. 

Discount No. 22 paid by chk. to extent of payee's acct., bal- 
ance in cash ; No. 27 paid by Chicago dft. ; No. 29, by N. Y. 
dft. Coll. No. 7 paid by chk. on First Watseka Bank. All 
other matured paper cashed. 



